Unifreight Africa (XZIM:UNIF.ZW) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is Unifreight Africa Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Unifreight Africa's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Unifreight Africa couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Unifreight Africa's Cash-to-Debt or its related term are showing as below:

XZIM:UNIF.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.17 Max: 1.1
Current: 0.22

During the past 9 years, Unifreight Africa's highest Cash to Debt Ratio was 1.10. The lowest was 0.03. And the median was 0.17.

XZIM:UNIF.ZW's Cash-to-Debt is ranked worse than
69.94% of 978 companies
in the Transportation industry
Industry Median: 0.47 vs XZIM:UNIF.ZW: 0.22

Unifreight Africa Cash-to-Debt Historical Data

The historical data trend for Unifreight Africa's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Unifreight Africa Cash-to-Debt Chart

Unifreight Africa Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.68

1.10

0.12

0.03

0.22

Unifreight Africa Semi-Annual Data
	Dec09	Dec11	Dec12	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				0.68	1.10	0.12	0.03	0.22

Competitive Comparison of Unifreight Africa's Cash-to-Debt

For the Railroads subindustry, Unifreight Africa's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Unifreight Africa's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Unifreight Africa's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Unifreight Africa's Cash-to-Debt falls into.

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Unifreight Africa Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Unifreight Africa's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	759.304	/	(1366.564	+	2074.717)
	=	0.22

Unifreight Africa's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	759.304	/	(1366.564	+	2074.717)
	=	0.22

Unifreight Africa (XZIM:UNIF.ZW) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Unifreight Africa Cash-to-Debt Related Terms

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Unifreight Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unifreight Africa Ltd (XZIM:UNIF.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Orme/Willow Roads, Southerton, Harare, ZWE

Website

https://www.unifreight.co.zw

Unifreight Africa Ltd is a Zimbabwe-based transport company. It is involved in the road transport industry whose main activities include inter-city freight consolidations, the distribution of general goods, and a courier service. The company's brands include Swift Transport, Bulwark Transport, and SkyNet Worldwide Express. Its operating divisions include Transport and Courier; Dedicated and Specialised and International distribution logistics. It operates in two segments namely Transport and Logistics solution and Investment property. The company generates maximum revenue from Transport and Logistics segment. Geographically, it derives revenue from Zimbabwe.

Unifreight Africa Headlines

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